DislikedMuch to sad in here.....
Now for something completely different.
enjoy
http://www.youtube.com/watch?v=adc3MSS5YdcIgnored
regards
The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
DislikedMuch to sad in here.....
Now for something completely different.
enjoy
http://www.youtube.com/watch?v=adc3MSS5YdcIgnored
DislikedNow you have me thinking Leigh...I may be another 10 years out on his age...but I remember he once mentioned his teenage kids so I now assume he must have had his children quite late in life....
Anyway, best I leave it there....I'll certainly keep in touch once I get this big move out of the way and contribute to your thread when I get a chance.Ignored
DislikedA pig goes left and right...a pig does not know left from right...what do you call one that fight the trend? ...I would call him a cow...
I mean: if you realize that you got your scout on the wrong bus, then would you stay on that bus? Would you rescue? What about if you fail on your rescue? Then you go with a second level rescue, right? but if you fail your second level rescue, you move into a third level...then what do you do?...you stay on that bus until that bus stop at the next price level ...that is a good idea if you have a full day for trading...and that it a luxury that I do not have...it is totally illogical...bleed the book and move on... [by that time if you fail then 0.16 % bad trade would be 200-300% of a bad trade and your heart would be pumping like hell, right?]
it does not make sense at all: the scout is for me 1/6 of a trade...16% of a trade...it does not make sense to defend it...kill the guy and accept the fact that I was wrong...I have done so many times, that it is second nature...the only time that this is wrong is when the market is totally chaotic, without structure, on a narrow range, then it does not work and I do not do wave attacks but range attack...but that is another topic....what I do works very well for me...I am happy with it....Also be aware that I do a fast dance...I do not hang around for hours and hour waiting for 5M to get in line with 1H and 1D...I do not want to trade for longer than 2 hours...
So if I am on the wrong bus, I get off...fast...and I move into the right bus..if I find that I got off on the wrong bus again...then I am confused and I stay out...this only happens with the scout...after all for me that soldier is testing the battle field..just a test...I never do this with the rest of my trades...So am I a pig? If so, then I am not a cow....let us laugh
Hey..remember my commandments: "never trade against 5M trend", "never have more than 1 rescue", "rescue only for timing"...so if I stay with a loser scout, then I violate my own laws, I am a sinner...and that is not allowed.
RegardsIgnored
Dislikedfti:
Thanks for the handheld session on 2008-07-22 night; that is really priceless.
I was late to this thread and when I started to read, it is already >100 pages and >2000 postings. What's more is there are a lot of information to be absorbed, so reading from the start of the thread is really very slow. And this thread keep appending, increasing my back log is small issue, there are times that the discussion of current market situation become very difficult by the time I read. So I "attack" this thread at 2 locations: 1 from the latest posting and 1 from the start: burning the candle from both ends, err, burning the candle from one end and from the middle. (Right now I am still on page 180).
That is how I chanced upon your handheld session on 2008-07-22.
Beside expressing my appreciation of your effort in my first posting here, I would like to post the charts of your 2008-07-22 handheld session with entries marked, so that fellow forumer who come late (later then me) to the thread can understand your action better.
fti if you think the charts are not appropriate, please remove them for me. Thanks.Ignored
DislikedHi Zoran,
oop, you know?
Yeah , I am still active at that.
Old doesn't mean that I am dead.
Did you hear about the 90year old man who married a 30 years old woman?
What do you think , he married her for? To do the dishes?
regardsIgnored
DislikedSir not sure about this one ...
I recognized that GBP was getting stronger in effect making dollar supposedly weaker , but with other pairs USD just resisted getting weaker , is this why its fishy ?Ignored
Dislikedooohhh wow, im feeling the heat here...hehehe.
lets take a chill pill guys. I understand that many of us here have made good for themselves, after a few months of trading, you guys have turned pro, thats impressive.
Lets take a look at ourselves in the mirror first, how did we first get here? What made us better, just a word or two from the teacher, and we get a long well written resignation letter and a pig and cow story.
I must say we have alot of egor running in here. It really doesnt matter if you have to kill 10 scouts so that the army may survive/win the war or be rigid to keep your psychological setup in check, but sometimes we should ponder a thing or two, here, what are the posisbilities if i kill less scouts, run some reecsue sequence and then turn it into an attack sequence?
Lets try to continually learn and improve instead, take the snippets by the teacher as a form of good advice. Of course many things will come into mind, many scenarios will take place, its a learning process... Remember, AOW is the backbone of the method.
Im glad you guys have found your niche. Good day and good trading you pros.
Okay, now you guys can take the guns and fire away, im open.
regardsIgnored
DislikedHi guys,
I'm very sorry that I have initiated this discussion/dispute and that it got steamed up this way.
So I want to apologize to luSan. My comment was not meant as an attack on you or your style of trading!
My intention was to get that way of trading commented by fti.
The way you handle your scouts is just the way I did it by myself in the past and I'm still not really convinced, what should be wrong about that.
Why should I start a rescue, when I found me on the wrong side of the trend or (to make it a little more difficult) a major move?
Why shouldn't I ride for example at first a short campaign and when the market tells me, the second one on the long side?
For me it is still difficult to define behavior of a pig/changing busses on the one hand and to be nimble on the other hand.
I'm still learning. But I cant trade someone else rules/style if I didn't get the reasoning behind. So I allways have a lot of questions ...
That has been the reason for my question above ....
So once again a stong "sorry" from my side.Ignored
DislikedHi, guys:
Today, we will see a lot of econ data to be released at 3pm, 4pm for E/U, and 4:30pm for G/U (GMT+8 Zone).
The IFO data will is very important data for euro, if you checked E/U price movement on release days from previous several months.
Good luck to you.
@Leighswww: Why you decide not to post here? Come back and share success and failure(wish you never have too bad failure).
DavidIgnored
Disliked@MaMood
I don't think you need to apologise. You were not judgmental or accusative. You were simply asking a question to clarify the concept of what fti defines a pig to be. We are encouraged by fti to ask questions to be sure we understand what he is conveying to us.
@Leigh
This won't win me any brownie points, but to quote my father "If you want to walk, walk. If you want to sit, sit. Do whatever you want but do not wobble." Your numerous departures and comebacks seem like a lot of wobbling to me. I enjoy your postings, but could do without all the drama involved.
@ all
Sorry if my post is offensive to anyone, but I tend to speak my mind. I am not here to please people but to learn and help where I can.Ignored
Disliked"damage is part of the battle, recovery is essential , victory is the objective"
This has become my mantra. I also like this from Theodore Roosevelt
"It is not the critic who counts,
not the man who points out how the strong man stumbled,
or where the doer of deeds could have done better.
The credit belongs to the man who is actually in the arena;
whose face is marred by the dust and sweat and blood;
who strives valiantly; who errs and comes short again and again;
who knows the great enthusiasms, the great devotions
and spends himself in a worthy cause;
who at the best, knows in the end the triumph of high achievement,
and who, at worst, if he fails,
at least fails while daring greatly;
so that this place shall never be with those cold and timid souls
who know neither victory or defeat."
Happy tradingIgnored
DislikedTHIS POST IS LATE REPLY TO EARLIER HAPPENINGS
---respect that others might enjoy life's vises. The one mother we had, has left.
regardsIgnored
DislikedHi David,
Your question to Leighsww is very valid.
Only thing is I am feeling that she isn't herself, Something could be wrong.
We should respect her wishes and let her come to terms with whatever it is thats biting her. Thats what friends do, I guess. We'll have to respect her decision, whatever that may be.
regardsIgnored
DislikedIn perspective , being new to the methodology, you may like to reference it for understand of the principles involved.
It is important not to be robotic or mechanical about the the use of it.
Read the thread carefully and understand it,
then demo its use to familarise the skills required.(orientation)
There are much lessons the markets will teach you, if you pay attention and learn.
Then if you have become confident enough in yout skills,
Test it on smallest positions that is available to you, That is necessary for development of the "greed $& fear" emotions that you will not gauge from demo.Ignored
DislikedHey Lusan,
Admit it, a pig by any other name is still a pig.
It happens sometimes, and sometimes the charts lead you to there.
In the markets we trade in.
There are BULLs , there are BEARs and there are PIGs.
There are no COWs.
If you don't look closely, But of course sometimes we may mistaken a BULL for a COW.
So don't go justifying yourself into a corner.
So, how was the interview?
regardsIgnored
DislikedI just got home...it is late ...
ok ok...whatever...I will think about even if I remain a pig...
interview? went well...but this is a competition...it will take a month to know if I go it...so we just wait...it is in God's hands.Ignored
DislikedGood Morning guys!
Are you all still USD Bulls today?
I'm due to the development in USDJPY a Yen Bull so far.
Dancing USDJPY on the short side ..Ignored
Disliked
[...]
Yes, Lesson 3 is the last Chapter in my Forexangels, it is about how to put the rescue and attack thingy together in market making. and the way to incorporate the fundamental perspectives into the skew and sliding between the skews of the spiral within a spiral.
After posting it, I felt that it was more suited for dealing room purposes, so I didn't go there.
The relevant stuff, I had just given ad hoc , in the general discussions following.
Moreover to be able to do Blitzkrieg MO it requires massive capitalisation , quite OT for non corporation traders. More suited for big boys market makers.
[...]
regardsIgnored